Uganda Development Bank

Uganda Development Bank (UDB) is a wholly state-owned development finance institution established in 1972 by the Government of Uganda. Headquartered in Kampala, UDB aims to promote and finance investments across various sectors of the economy, including agriculture, manufacturing, tourism, and infrastructure. The bank provides both financial and non-financial services, such as loans, technical assistance, and capacity building, targeting projects that contribute to economic growth and job creation in Uganda. UDB operates under the policy oversight of the Ministry of Finance, Planning and Economic Development and partners with international development finance institutions to enhance its capital and outreach.

UDB adds value to its portfolio companies through financial support, technical assistance, and capacity building. The bank's partnerships with organizations like the African Guarantee Fund enhance its ability to provide sustainable lending solutions, particularly to SMEs and women-and-youth-affiliated businesses.